The filing comes close to two months after 50 Cent's boxing promotions company, SMS Promotions, filed for "relief under chapter 11 of the Bankruptcy code."
50 Cent Ordered to Pay $5 Million to Woman Who Sued Over Sex Tape
On Friday, July 10, a jury ordered 50 Cent to pay $5 million to Lastonia Leviston who claims the rapper acquired a sex tape she made with her boyfriend at the time, which he used in a 2009 13-minute video featuring him as commentator, Pimpin' Curly, taunting Leviston and Rick Ross. Leviston and Ross have a daughter together.
Representatives for 50 Cent informed Billboard they would share more information momentarily.